@kava Ecosystem and Growth: Using Four Public Indicators to Discern "True Activity" from "Foreign Selling" Don't Be Drawn by the Trends Four public indicators are sufficient: stablecoin volume, TVL (Bridged/Native), DEX trading volume, and net capital inflows Stablecoins are like available purchasing power Increasing TVL indicates a willingness to stay on-chain TVL should be analyzed separately: externally driven increases, while local stagnation may indicate short-term activity driving the level A simultaneous increase in both indicates true growth DEX Trading volume is the heartbeat of activity. Rising alongside stablecoins and TVL, the ecosystem is absorbing its energy. Going it alone feels a bit futile. Let's do another "path analysis." Look at the ratio of new addresses to active addresses to completed multi-step interactions (e.g., deposits, loans, and trades). A steadily increasing ratio indicates product understanding. If you rush every time you launch an event, only to have a complete mess afterward, you're just running in vain. My approach is foolish. Plot these four indicators on a weekly chart, with two benchmark chains alongside. Three weeks to see the trend, one quarter to see the direction. What the outside world says doesn't matter; the numbers will tell you. #KavaBNBChainSummer $KAVA {future}(KAVAUSDT)